Billionaire Michael Saylor Set to Bolster Confidence in Bitcoin

Saylor is one of the evangelists of bitcoin despite ups and downs.



Michael Saylor is one of the most vocal bitcoin evangelists. 

In addition to the interviews in which he praises the merits of the most popular cryptocurrency, he devotes a large part of his tweets to trying to convince others of the major assets of bitcoin. 

MicroStrategy  (MSTR) - Get MicroStrategy Incorporated Class A Report, his company, is one of the few established companies that has invested in digital currencies and in this case bitcoin. 

To date, MicroStrategy holds 125,051 bitcoins worth $5.93 billion at the time of writing, according to Bitcoin Treasuries. 

Tesla  (TSLA) - Get Tesla Inc Report, the electric vehicle maker run by Elon Musk, Block  (SQ) - Get Block Inc Class A Report, formerly Square, the fintech founded by fellow bitcoin evangelist Jack Dorsey, are also the other big names holding bitcoin in their balance sheets. 

Tesla owns 43,200 bitcoin valued at $2.05 billion at last check, while Block holds 8,027 bitcoin worth $380 million.

After seeing the value of their investment in bitcoin decrease at the start of the year due to the fall in crypto prices, these companies must have been smiling for a few days since bitcoin has resumed its march forward. The price of the top crypto in terms of market value could cross $50,000 in the coming days, according to experts. Bitcoin is currently trading at $47,351.57, according to CoinGecko.


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